Scorpio Tankers Inc. (NYSE:STNG) Given Consensus Rating of “Hold” by Analysts

Shares of Scorpio Tankers Inc. (NYSE:STNG) have received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $68.75.

STNG has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on Scorpio Tankers from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Jefferies Financial Group restated a “buy” rating and set a $75.00 target price on shares of Scorpio Tankers in a research note on Thursday, February 13th.

Hedge Funds Weigh In On Scorpio Tankers

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 111 Capital bought a new position in shares of Scorpio Tankers during the 4th quarter valued at about $238,000. LM Asset IM Inc. bought a new stake in Scorpio Tankers in the 4th quarter worth approximately $1,988,000. Vident Advisory LLC raised its holdings in shares of Scorpio Tankers by 5.8% during the 4th quarter. Vident Advisory LLC now owns 14,955 shares of the shipping company’s stock worth $743,000 after acquiring an additional 818 shares in the last quarter. Sherbrooke Park Advisers LLC grew its holdings in shares of Scorpio Tankers by 28.3% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 4,035 shares of the shipping company’s stock valued at $200,000 after purchasing an additional 889 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in Scorpio Tankers by 41.8% during the fourth quarter. ProShare Advisors LLC now owns 12,552 shares of the shipping company’s stock valued at $624,000 after purchasing an additional 3,700 shares in the last quarter. Institutional investors own 54.64% of the company’s stock.

Scorpio Tankers Stock Up 0.9 %

Shares of STNG stock opened at $40.00 on Tuesday. The company has a current ratio of 2.43, a quick ratio of 2.39 and a debt-to-equity ratio of 0.25. Scorpio Tankers has a 12 month low of $37.14 and a 12 month high of $84.67. The stock has a market cap of $2.02 billion, a P/E ratio of 3.07 and a beta of 0.01. The company has a 50 day simple moving average of $44.57 and a two-hundred day simple moving average of $53.68.

Scorpio Tankers (NYSE:STNG) last posted its quarterly earnings data on Wednesday, February 12th. The shipping company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.08). Scorpio Tankers had a return on equity of 18.01% and a net margin of 53.76%. On average, research analysts expect that Scorpio Tankers will post 5.29 earnings per share for the current year.

Scorpio Tankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Friday, March 7th. Scorpio Tankers’s dividend payout ratio (DPR) is currently 12.27%.

Scorpio Tankers Company Profile

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.